Trimble Navigation Limited
935 Stewart Drive
Post Office Box 3642
Sunnyvale, CA 94085
SUNNYVALE, Calif., March 18, 1999 -- Trimble (NASDAQ:TRMB) announced today that Steve Berglund, 47, has joined the company as president and chief executive officer. Mr. Berglund brings 20 years of industry experience, most recently serving as president and chief operating officer of Spectra Precision, a survey, construction equipment and machine control company with 1300 employees.
"Steve is known as an energetic, practical and decisive leader and is a natural fit for Trimble," commented Bradford Parkinson, Trimble's acting president and CEO. "He brings a strong technical background with exceptional skills in finance and strategic planning. Steve has successfully led a company of comparable size, and in similar commercial markets to those of Trimble. I am delighted to add his expertise and broad range of experience to the senior management team at Trimble and look forward to his contributions."
Trimble's new president and CEO Steve Berglund added, "I eagerly anticipate the opportunity of leading Trimble. In my years in the industry, I have grown to admire Trimble's competitive spirit, its deep technical capabilities, and its excellent market penetration. I am grateful to Brad Parkinson for the leadership he has shown during this transition period and will continue to value his industry expertise and guidance as an active member the Board of Directors."
Mr. Berglund joins Trimble from Spectra-Physics AB, where he served more than 14 years in a variety of senior management positions, most recently as president and chief operating officer of Spectra Precision.
During his tenure as president and chief operating officer, Mr. Berglund successfully led a major restructuring effort to reposition the Company for profitability and growth. Prior to his position as president, Mr. Berglund implemented a number of merger and acquisition activities.
Mr. Berglund received a BS from the University of Minnesota and an MBA from the University of Rochester. He began his career as a process engineer at Eastman Kodak in Rochester, New York. He then joined Varian Associates. In 1982, Mr. Berglund was promoted to manufacturing operations manager of Varian's microwave division. In 1985, he joined Spectra-Physics.
Trimble is a world leader in designing and developing innovative products enabled by GPS technology. The company provides end-user and OEM solutions for diverse applications including surveying, mapping/GIS, agriculture, mining, military, commercial aviation, automotive, vehicle tracking and timing. Founded in 1978, Trimble now holds more than 200 U.S. patents on GPS and related technology, with over 180 additional patents pending. Located in Sunnyvale, Calif., Trimble has been adding value to GPS since 1984.